Kioxia Q2 profit forecast up 48x YoY

For the fiscal year to the end of March Kioxia had revenue up 37% YoY at $14.5 billion for a net profit of $3.5 billion  – double last year – and an operating profit up 92.7% to $5.2 billion.

The improvement was fuelled by demand from datacentre customers particularly for high-capacity SSDs.

“Storage became recognised as increasingly important as the use of generative AI shifted significantly from training to inference,” says President Hiroo Oota, “AI is becoming part of the foundation of society, and the strength of the flash memory market is expected to continue.”

Kioxia is the second-largest NAND flash memory maker after Samsung.

NAND  plays an increasingly important role in inference.

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